The Warrens, Texas-based Jellystone Park Camp-Resort on foreclosure property listings has been acquired by a real property investor for $14 million. Bruce Bryant’s Warrens Lodging LLC acquired the campground which was closed in September last year.
Bryant is one of the partners in corporations which owned the Three Bears Hotel. The sale of the campground [...]

The local government of Stanislaus County, California has received federal funds to help families in buying home foreclosures. It took more than one year for the county to complete the process to be able to obtain the federal funds. But now, it has started to help families in terms of down payment.
The county is not [...]

The September median price for single family homes in Miami, Florida dropped to $108 per square foot from $109 the previous month. The median sale price in September also reflected a 22.2 percent decline from the same month the previous year. The median price is the point where 50 percent of the houses sold for [...]

Handyman specials homes are getting a lot of attention from savvy investors who want to earn huge profit for just a small cash outlay. A handyman special home is purchased at a very low price because of its poor condition. The purchaser, who has the skill to repair houses, will buy the foreclosed home, do [...]

The Alabama city of Birmingham experienced a drastic increase in the number of distressed properties in the third quarter. According to recent market data, Birmingham’s foreclosure rate surpassed those of other Southeastern cities.
From July to September, about 2,622 households received one foreclosure filing or one out of 190 houses. The figures represented a drop of [...]

A foreclosed home is attractive not only because it usually has a very low asking price. A foreclosed home is also a smart investment for your financial future because it can have a positive impact on many areas of your finances for years to come. For example, most foreclosures are priced below market value, which [...]

Freddie Mac foreclosures are expected to grow in the coming months following reports of an increase in the number of delinquencies on loans guaranteed by the Federal Home Loan Mortgage Corp., the second biggest home funding company in the United States.
Last month, Freddie Mac’s mortgage investment portfolio increased by an annualized rate of 7.3 percent [...]

Buy Fannie Mae foreclosures now as the inventory of Fannie Mae homes increases. Based on the latest data released by Fannie Mae, the pace of defaults on single-family loans surpassed 4 percent last July, the highest delinquency level reached by Fannie Mae in 11 years.
Most of these defaults are expected to go into foreclosure because [...]

VA foreclosures homes are now managed by BAC Home Loans Servicing LP, a subsidiary of Bank of America Corporation. Previously, VA foreclosures were being managed by Florida-based Ocwen Federal Bank FSB.
The U.S. Department of Veterans Affairs this year signed a long-term agreement with BAC Home Loans to be its property management company.
In August, BAC Home [...]

Lis pendens filings continued to rise in seven counties across the country, albeit at a slow pace. Lis pendens, or notice of default in states with non-judicial foreclosures, is a written notice that notifies the court and the owner of the troubled property that the latter defaulted on its mortgage payments.
Filing the notice of default [...]